The International Monetary Fund, IMF, plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms.
Orange, France’s biggest telecoms operator, said high growth in its Africa and the Middle East operations offset declines in revenue in its home market and Spain in the first quarter..
Kenya is reviewing the currency composition of its external debt to reduce currency volatility which has seen the cost of its dollar-denominated loans increase by two per cent in four.
The Italian government has rapidly finalised its latest deals to secure fresh gas supplies from Africa, which is intended to help replace gas currently piped from Russia. Earlier this month,.
China has committed to joining Zambia’s creditor committee, International Monetary Fund managing director, Kristalina Georgieva, said on Thursday, amid complaints from Zambia’s finance minister about delays to its debt restructuring..
Like other countries across the globe, the COVID-19 pandemic disrupted the economic growth of Burundi and affected the balance of payment. In this exclusive interview with the African Leadership Magazine.
Imran Manji has been named the new Head of East Africa for Uber, a ride-hailing firm. He will be in charge of Uber’s regional business strategy and growth, encompassing Kenya,.
Multinational diamond mining and trading company, De Beers, has signed two investment contracts with the government of Angola to operate in that country. The license, which lasts for thirty-five years,.
According to data released by an industry group on Tuesday, African startups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020.
The International Monetary Fund, IMF, has created a new lending facility to help build the resilience of its member countries against economic shocks. The facility, dubbed ‘The Resilience and Sustainability.
